Solera Sets IPO Terms

Solera Holdings LLC, a San Ramon, Calif.-based claims processing company, has set its proposed IPO terms to around 21.88 million common shares being offered at between $15 and $17 per share. It plans to trade on the NYSE under ticker symbol SLH, with Goldman Sachs and JPMorgan serving as co-lead underwriters. GTCR Golder-Rauner holds a 90.6% pre-IPO ownership position, and plans to sell around 2.63 million shares during the IPO. GTCR's post-IPO ownership is expected to be around 59.8 percent.